On the impact of suboptimal decisions in the newsvendor model

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• 作者：Avijit Khanra ^{kavijit@iitk.ac.in}
• 关键词：Inventory ; Newsvendor model ; Robustness and sensitivity analysis
• 刊名：Operations Research Letters
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：45
• 期：1
• 页码：84-89
• 全文大小：1057 K
• 卷排序：45

文摘

We study the impact of suboptimal decisions in the newsvendor model, one of the popular inventory models. We establish a lower bound for the deviation of inventory cost from its minimum, when the order quantity is suboptimal. Demonstration of the bound shows the model to be sensitive to suboptimal decisions.